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<br /> <br />On the basis of this rate of extraction, the life of the operation is <br />estimated to be approximately 6 to 10 years. However, [he actual rate of <br />mining is based on market demands and subject to change accordingly. <br />Phases of Minine and Reclamation <br />It is anticipated that there will be two phases of the operation as <br />follows: <br />PHASES <br />Phase 1 - 9.4+/- ac. To be mined beginning in <br />mid 1995 for an period estimated to <br />be about 4 to 6 years. Reclamation <br />of this Phase to begin upon commencement <br />of operations in Phase 2. <br />Phase 2 - 5.0+/- ac. To be mined over a period <br />estimated to be about 2 to 4 years. <br />Reclamation of Phase 1 to commence. <br />Reclamation of Phase 2 to occur upon <br />completion of operations. <br />Concurrent Reclamation <br />Reclamation will occur in conjunction with the mining operation to the <br />extent practicable. The anticipated reclamation phasing plan is included <br />with the phases described above. <br />Access <br />Access to the pit will be from Colorado Highway 67 along an existing <br />road. The road serves this and other properties in the area and no <br />upgrading will be required. The road is therefore exempt from inclusion in <br />the permit area. An alternate access, not previously existing, is shown on <br />the extreme north side of the permit area. This later access is included <br />in the permit area. <br />-6- <br />